According to Pete O'Donnell, Area Director and Manager at MetLife Home Loans in Severna Park, Maryland, a 30 years fixed rate loan is currently 4.25% (No points and no Origination Fee) and a 15 year conventional is at 3.75%!
With the lowered prices of home, compounded with the extremely low interest rates, homes are increasingly more affordable.
I have also noticed a lot of new construction starts taking place throughout Anne Arundel County. Over the past couple of months builders have started projects in Odenton, Gambrills, Severn, Hanover, Annapolis, Glen Burnie and Crofton, just to name a few.
Call or email me for a complete list of new home construction projects in Maryland.
Have a great weekend!
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